Engineering
L&T axes 14,000 jobs in 6 months in resizing exercise
23 Nov 2016
While Larsen & Toubro declined to spell out details, it said many of the layoffs had happened in financial services and minerals and metals as it ‘de-focuses on certain lines of business’ to reduce under-recoveries
Reliance Industries and GE form global IoT partnership
17 Nov 2016
RIL and GE will work together to provide industrial IoT solutions to customers in oil & gas, fertiliser, power, healthcare, telecom and other industries
GE to buy 75% in German 3D printing maker Concept Laser for $599 mn
28 Oct 2016
The move comes a day after GE abandoned its €683-million takeover offer for German 3D printer maker SLM Solutions Group